Read the Bills Act Coalition

Wednesday, July 16, 2008

Bush speaks, Oil Drops

Being the Leader of THE Free World has its advantages...Bush urges US drilling and lifts the Presidential Drilling ban and oil drops 9$ a barrell...nice From the National Review Online:

In a dramatic move yesterday President Bush removed the executive-branch moratorium on offshore drilling. Today, at a news conference, Bush repeated his new position, and slammed the Democratic Congress for not removing the congressional moratorium on the Outer Continental Shelf and elsewhere. Crude-oil futures for August delivery plunged $9.26, or 6.3 percent, almost immediately as Bush was speaking, bringing the barrel price down to $136.

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